525 Market Street, once known as First Market Tower, is an office skyscraper at the southwest corner of First- and Market Streets in the Financial District of San Francisco, California. The 161 m (528 ft), 39 floor tower was the second largest office building by square footage in the city (after 555 California Street) when completed in 1973.[4] It is owned by the New York State Teachers Retirement System since 1998.[5] It is one of 39 San Francisco high rises reported by the U.S. Geological Survey as potentially vulnerable to a large earthquake, due to a flawed welding technique. [6]
History
In 2020, 49% stake of the building was sold to a Deutsche Bank subsidiary for $682 million.[5]